European Monetary Union: Will It Really Contribute to Stability?

Neu, C. Richard
January 2000
Business Economics;Jan2000, Vol. 35 Issue 1, p59
Academic Journal
In the long run, European monetary union will almost surely prove beneficial economically and politically--for Europe and probably for the rest of the world. For the next several years, though, monetary union is likely to increase three kinds of risks facing firms doing business with, from, and in Europe. First, increased risks arise from the reduced predictability, coherence, and quality of overall macroeconomic policy making in Europe. Second, real economic conditions within Europe are likely to be more variable and volatile. Finally, monetary union may lead to increased uncertainty about--and maybe even increased strife over--social policies.


Related Articles

  • International perspective: Structural changes and the integration of Europe. Rybczynski, T.M. // Business Economics;Jan1993, Vol. 28 Issue 1, p25 

    Describes the Maastricht proposals for monetary union and examines the degree to which various countries meet the necessary criteria for a union. Projected emergence of a group of countries that will increase their interdependence; Financial storm in the foreign exchange markets in the fall of...

  • The EMU: Should the U.S. Worry? Buluswar, Murli D.; Nataraajan, Rajan // American Business Review;Jan1996, Vol. 14 Issue 1, p67 

    Accordingly, this paper has a twofold purpose. The first purpose is the evaluation of the costs and benefits pertaining to EMU and then determining whether there is a good economic argument in favor of a common currency for the EU considering that the member countries vary appreciably in their...

  • E pluribus EMU? Little, Jane // Regional Review;1998 4th Quarter, Vol. 8 Issue 4, p12 

    Focuses on the European Monetary Union (EMU). Region's economic success and failure dependent on the EMU; Implications of the EMU to the United States; Efforts by European policy makers to achieve an extra degree of economic and political clout; Possibility of EMU spawning a handful of large,...

  • The Euro prepares to take off. Sweeney, Paul // U.S. Banker;Dec98, Vol. 108 Issue 12, p56 

    Focuses on the launching of the Euro on January 4, 1999 by the European Monetary Union. Opportunities for banks; Costs involved in preparing for the euro; Effects of the euro on European operations of banks.

  • INTEGRATION BLUES. Graff, James // Time International (South Pacific Edition);12/29/2003, Issue 51, p20 

    This article explains that Germany and France seem to think that revving their common engine might be enough to get the European Union back on track after the failure of constitutional talks in mid-December. Both have since called for freezing E.U. outlays at current levels, implicitly...

  • Britain's discord on Europe's money.  // Nature;2/23/1995, Vol. 373 Issue 6516, p643 

    Opinion. Focuses on Great Britain's discord about the proposed common currency for Western Europe. Conditions of the Maastricht Treaty; Benefits of common currency; Ignorance of British voters.

  • ICELAND-EU MEMBERSHIP TALKS BEGIN.  // Iceland Review;Fall2010, Vol. 48 Issue 3, p11 

    The article reveals the start of Iceland's negotiations with the European Union (EU) regarding its EU membership at the first intergovernmental conference in Brussels, Belgium.

  • Europe: No place for scoundrels. Jacobson, Antony H. // Geographical (Campion Interactive Publishing);Apr97, Vol. 69 Issue 4, p4 

    Opinion. Comments on some British's opposition to the European Union (EU). British opposition's focus on the European Monetary Union (EU); Loss of nation state identity.

  • European Monetary Union. Robert A., Levine // World Policy Journal;Winter97/98, Vol. 14 Issue 4, p10 

    Criticizes the Maastricht criteria for membership in the European Monetary Union. Maastricht's exclusive focus on price stability and fiscal responsibility; History of European economics from the 1970s to the 1990s; Possible scenario should France or Germany fail to meet the Maastricht criteria.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics